What is the relation between living a good life and being happy? To many, the good life is a financially prosperous life, and happiness lies in the possession of wealth. Worldly success is what counts, and anyone who is not ‘successful’ in the usual sense is counted a ‘failure.’ Others strive for a life based on honor and public recognition. A good life is made up of hobnobbing with the right people in the right settings, and happiness is a matter of gaining respect. Along with these, there are lives that show by their living a desire for glory or power that inspires great efforts. Others, who are not drawn to wealth, power or glory because of the difficulties involved in attaining them, may choose the pursuit of pleasure. A good and happy life is one in which pleasures outweigh the pains overall. Many questions have been asked about the good life and happiness. People constantly answer those questions with their lives, and we see many different ideas of the good life and happiness playing out in the strivings of human beings to live well and be happy.

The ancient Greeks wished their friends to ‘do well’ and ‘fare well’ in this life. These two, they thought, held the keys to human felicity. Doing well concerns ourselves, our own actions and feelings. We have some control over these aspects of our lives. So when we wish someone to ‘do well’ in life, we express the hope that the person will be moral and fair in his or her dealings with others. Beyond securing basic physical survival, someone who does well in life can sleep with a clear conscience, whether blessed with material success or not. From many a philosophical point of view, the good life has an intrinsically moral core that involves compassion for the suffering of others and acting justly in the world.

‘Faring well’ concerns events and occurrences over which we do not have so much control. “Faring well” means succeeding in life, coming into a prosperous condition, with...

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